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GNDM37
220 copies Sent to "B" list, campus and Files jP
CARLETON COLLEGE NEWS BUREAU
Northfield, Minnesota
Jane Koelges, Director
Telephone: Niagara 5-UU31* ext. 218
NORTHFIELD, MINNESOTA
For Immediate Release
Contributions to the Carleton College Development Program now total ..
$10,015,000 in cash and pledges it was announced today by the Chairman of the Program,
Atherton Bean, who is President of the International Milling Company and also
chairman of the College's Board of Trustees.
Carleton's four-year Development Program was originally announced in October,
1958 as a $10,000,000 fund-raising campaign. In January, 1961, however, the Board
of Trustees voted to increase the total financial goal to $12,000,000 in view of
rising building costs and the College's desire to make additional loans and
scholarships available to students.
Among already evident results of the fast-moving program is a considerable
improvement in faculty salaries, which for the 1962-63 academic year will show an
average increase of 50 percent above the 1957-58 level.
The most dramatic physical addition to the campus is Carleton's new Olin Hall
of Science, a $1,510,000 gift of the Olin Foundation, which has been in use since
September of last year.
Another component of the Program has been a projected student enrollment of
1,300 to be effected over a four-year period. Dormitory space for that number of
students will be available in the fall of 1962, enabling the College to close its
off-campus houses. Already in use is a fourth floor addition to Reine Myers Hall, a
women's dormitory, and now under construction is a dormitory to house 209 men
including an adjacent dining hall for 250 students.
more

GNDM37
220 copies Sent to "B" list, campus and Files jP
CARLETON COLLEGE NEWS BUREAU
Northfield, Minnesota
Jane Koelges, Director
Telephone: Niagara 5-UU31* ext. 218
NORTHFIELD, MINNESOTA
For Immediate Release
Contributions to the Carleton College Development Program now total ..
$10,015,000 in cash and pledges it was announced today by the Chairman of the Program,
Atherton Bean, who is President of the International Milling Company and also
chairman of the College's Board of Trustees.
Carleton's four-year Development Program was originally announced in October,
1958 as a $10,000,000 fund-raising campaign. In January, 1961, however, the Board
of Trustees voted to increase the total financial goal to $12,000,000 in view of
rising building costs and the College's desire to make additional loans and
scholarships available to students.
Among already evident results of the fast-moving program is a considerable
improvement in faculty salaries, which for the 1962-63 academic year will show an
average increase of 50 percent above the 1957-58 level.
The most dramatic physical addition to the campus is Carleton's new Olin Hall
of Science, a $1,510,000 gift of the Olin Foundation, which has been in use since
September of last year.
Another component of the Program has been a projected student enrollment of
1,300 to be effected over a four-year period. Dormitory space for that number of
students will be available in the fall of 1962, enabling the College to close its
off-campus houses. Already in use is a fourth floor addition to Reine Myers Hall, a
women's dormitory, and now under construction is a dormitory to house 209 men
including an adjacent dining hall for 250 students.
more